Consolidated income statement

Consolidated income statement
in EUR ‘000

Notes

2021

2020

Net earned premiums – retention

L

9,705,633

9,336,585

Premiums written – retention

 

9,878,594

9,415,844

Premiums written – gross

15

11,002,566

10,428,454

Premiums written – reinsurers´ share

 

-1,123,972

-1,012,610

Change in unearned premiums – retention

 

-172,961

-79,259

Change in unearned premiums – gross

 

-179,621

-86,110

Change in unearned premiums – reinsurers´ share

 

6,660

6,851

Financial result excl. result from shares in at equity consolidated companies

16

607,018

624,791

Income from investments

 

1,159,520

1,263,789

Expenses for investments and interest expenses

 

-552,502

-638,998

Result from shares in at equity consolidated companies

17

24,872

-28,510

Other income

18

165,789

145,661

Expenses for claims and insurance benefits – retention

19

-7,136,561

-7,030,569

Acquisition and administrative expenses

20

-2,536,828

-2,328,479

Other expenses

18

-317,902

-232,222

Business operating result

 

512,021

487,257

Impairments of goodwill

 

0

-119,223

Impairments of intangible assets excluding goodwill

 

-688

-22,172

Result before taxes

 

511,333

345,862

Taxes

21

-123,339

-103,194

Result for the period

 

387,994

242,668

thereof attributable to shareholders

 

375,730

231,513

thereof Non-controlling interests

 

12,264

11,155

 

 

 

 

Earnings per share* (in EUR)

22

2.94

1.81

*

The undiluted earnings per share equals the diluted earnings per share (in EUR).